BOJ Deputy Governor Hints at Rate Hike in September Amid Rising Inflation Concerns

Bank of Japan Deputy Governor Ryozo Himino has hinted at a potential rate hike in September, citing concerns over rising inflation. In a press conference on August 28, Himino stated that the BOJ will consider raising its policy interest rate at every monetary policy meeting, including the next one in September.

Many market participants have been expecting a BOJ rate hike in September, and Himino's comments are likely to fuel this speculation. The deputy governor emphasized the need for caution due to 'upside risks to prices,' as the underlying inflation rate approaches 2 percent, the BOJ's target.